Greater Bank Unsecured Personal Loan
We currently don't have this product on Finder
- Interest Rate (p.a.)
- 8.99%
- Comparison rate (p.a.)
- 9.39%
- Min Loan Amount
- $5,000
Summary
Access a competitive interest rate from 8.99% p.a. and pay no ongoing monthly fees.The Greater Bank Unsecured Personal Loan has a competitive interest rate from 8.99% and no ongoing monthly fees. These features place it in the top half of our database for lower rates.
However, it comes with a $275 application fee which is in the top half of higher fees. This loan has a Finder Score of 7.4.
Details
Product details
| Product Name | Greater Bank Unsecured Personal Loan |
| Interest Rate (p.a.) | 8.99% |
| Comparison rate (p.a.) | 9.39% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $5,000 |
| Max. Loan Amount | $50,000 |
| Loan Security | Unsecured |
How does Greater Bank Unsecured Personal Loan compare?
- Competitive interest rate. This loan has a minimum interest rate of 8.99% which is in the top half of lower rates in our database.
- No ongoing fees. You won't be charged any ongoing monthly account keeping fees which can help keep costs down over the life of the loan.
- Fee-free extra repayments. You can make additional repayments on your loan to pay it off faster without incurring a penalty.
- High application fee. The loan comes with a $275 application fee which places it in the top half of higher fees in our database.
How does the Greater Bank Unsecured personal loan work?
This is an unsecured loan, which means that Greater Bank doesn’t require collateral to secure it. No monthly fees apply, but you will be charged an establishment fee of $275. A redraw facility is available online for no charge, but a fee will be levied for redraws made by written request. The interest rate is fixed for the term of loan at 8.99% p.a.Greater Bank also offers a secured personal loan option where you can benefit from a lower interest rate if you offer up collateral to be used as security.
How to apply
Applications can be submitted online. Keep in mind you'll need to meet the following criteria to apply:- You must be at least 18 years old.
- You must be an Australian permanent resident or citizen.
- Your credit history must be in reasonable shape.
- You'll need a minimum income of $20,000.
Features of this loan
If you’re interested in applying for this loan, here are some of its features to consider:- Quick approval. If your application is complete, you can be approved for your loan within 24 hours.
- No security required. This is an unsecured loan, so you won't be required to provide collateral as a guarantee.
- Fixed interest rate. Interest is fixed at 8.99% p.a., so your repayments won't change throughout the life of the loan.
- Flexible repayments. Choose to make repayments on a weekly, fortnightly or monthly basis. Additional repayments are allowed for no extra fee.
- Early repayment. If you'd like to repay the whole of the loan amount before the end of the loan period, you can do so without risking a penalty fee.
- Loan term. This loan can be repaid over a period of 1 to 7 years.
- Fees. Monthly fees are waived, but an establishment fee of $275 applies.
Sources
Your reviews
Elizabeth Finder
Journalist
Hi there, looking for more information? Ask us a question.
You are about to post a question on finder.com.au:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com.au is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.